Customer Files Are Typically Maintained with Database Software

question 4

True/False

Customer files are typically maintained with database software.

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Definitions:

Indirect Method

A way of calculating cash flows in the cash flow statement where net income is adjusted for changes in non-cash accounts to arrive at cash provided by operating activities.

Operating Activities

Operating activities refer to the day-to-day operations of a business that generate revenue and incur expenses, impacting the company's cash flow.

Accounts Receivable

Monetary amounts owed to a company by its customers for goods or services provided on credit.

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.